Most Contractual Business Relationships Are Initiated Through an Offer and the Acceptance

question 30

True/False

Most contractual business relationships are initiated through an offer and the acceptance of that offer. Acceptance is typically followed by communications to fill in the details of the arrangement.

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Definitions:

Jeremy Bentham

An English philosopher and legal theorist known for founding the philosophy of utilitarianism, emphasizing the greatest happiness principle.

John Locke

A 17th-century British philosopher known for his works on liberalism, political theory, and his ideas about natural rights and government.

Unpleasantness

The quality of being disagreeable or difficult to endure, often used to describe undesirable experiences or sensations.

Deserved

Warranted or merited due to actions or qualities.